IBRD talks $500 million 4.5-year floaters at SOFR plus 28 bps area; pricing Wednesday

By Cristal Cody

Tupelo, Miss., Feb. 5 – The International Bank for Reconstruction and Development, or World Bank, plans to price $500 million of global floating-rate notes due Aug. 6, 2024 (Aaa/AAA/AAA) on Wednesday, according to a market source.

The notes are initially talked to price at the SOFR plus 28 basis points area.

BofA Securities, Inc., BMO Capital Markets Corp. and RBC Capital Markets, LLC are the bookrunners.

The global development financing cooperative is based in Washington, D.C.

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